Bunq applies license to Mexico’s CNBV

A new neobank is looking to launch operations in Mexico; the Amsterdam-based company, bunq, has already submitted its application to operate as a bank to the National Banking and Securities Commission (CNBV), in coordination with the Bank of Mexico (BdeM).

The financial firm currently operates in more than 30 European countries and operates under a business model driven by Artificial Intelligence.

bunq’s founder and CEO, Ali Niknam, noted that bunq is designed for people who live, work, and travel across borders, and as a key hub connecting the Americas, Mexico is a natural home for the company.
Niknam noted that the application to operate as a bank comes amid a context of global expansion. He clarified that its AI-based model ranges from assisting users in managing their finances to its application in internal operations.

“Having a full banking license will allow us to offer residents in Mexico comprehensive banking services, multi-currency accounts, and deposits protected by the Institute for the Protection of Bank Savings (IPAB),” he added.

In this way, bunq joins the wave of neobanks already operating or seeking to operate in Mexico, such as Revolut, Openbank, NU, and MercadoPago.